Remember how Cyprus was supposed to be a special case and not a template for similar wealth confiscation elsewhere in the future? Remember how it transpired the measures taken in Cyprus had already been written into the Banking Act 2009? Well the Banksters are getting bolder as a piece on ZeroHedge makes clear:
The CEO of Unicredit Federico Ghizzoni said yesterday that it is “acceptable to confiscate savings to save banks.” He said that the savings which are not guaranteed by any protection or insurance could be used in the future to contribute to the rescue of banks who fail and that uninsured deposits could be used in future bank failures provided global policy makers agree on a common approach.
The organised racket is very clear. Any money we put into bank accounts is a loan to the bank. Given that governments don’t have the money to bail out banks, which have been run into the ground while using our money to carry out poorly considered lending to borrowers who are defaulting or declaring bankruptcy, they are now treating the money lent to them by depositors as exactly what the rules say it is – theirs. Caveat creditor.
Note the reference to having a common approach to global policy. Global governance is the agenda at play. The wealthy elite makes the rules and is now applying the rules to protect their financial position at the expense of anyone who is willing to risk putting their money in one of their institutions. If the Banksters don’t get your money, then be assured the global cooperation and harmonisation gradually being developed by governments will see to it that taxation will hoover up your wealth. No permission sought, no approval given, just the abuse of power by the political class and their establishment cronies.
It has been clear in the way governments are exchanging supposedly confidential account information between each other, under the pretext of tackling tax evasion. But even where there is no evasion, this exchange provides vital intelligence about the holdings of individuals that can be used to inform governments about who has what, so policy can be created to target them for specific taxes and wealth confiscation – all to satisfy the bribery and spending fetishes that politicians rely on to buy votes of the net consumers at the expense of the net producers.
While politicians like to spout off about democracy and freedom, their actions are designed for a single purpose, to enslave the people who are supposed to be their masters. Government, both supranational and national, never shrinks. The parasite continues to expand by feeding on the people they are supposed to serve.
The only thing it doesn’t seem to have planned for is what happens when the incentives to production have been destroyed and the wealth it plunders has run out. What will the state’s clients do when their free handouts come to an end? Perhaps by they the planet will be so collectivised we will be scratching the land to produce food and resorting to barter as the medium of exchange. Progress will have been reversed and the green wet-dream of ‘sustainability’ will be realised.
At what point will the sleepwalking masses wake up and put an end to it? There is no conspiracy theory here, just conspiracy.